Starwood Hotels & Resorts Worldwide Inc Bottom Line Falls 12% In Q4

(RTTNews) - Starwood Hotels & Resorts Worldwide Inc (HOT) announced earnings for fourth quarter that lost ground from last year.

The company said its profit came in at $151 million, or $0.89 per share. This was lower than $171 million, or $0.97 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.79 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.0% to $1.43 billion. This was down from $1.49 billion last year.

Starwood Hotels & Resorts Worldwide Inc earnings at a glance:

-Earnings (Q4): $151 Mln. vs. $171 Mln. last year. -Earnings Decline (Y-o-Y): -11.7% -EPS (Q4): $0.89 vs. $0.97 last year. -EPS Decline (Y-o-Y): -8.2% -Analysts Estimate: $0.79 -Revenue (Q4): $1.43 Bln vs. $1.49 Bln last year. -Revenue Change (Y-o-Y): -4.0%

-Guidance: Next quarter EPS guidance: $0.56 to $0.59